Purchase VS Lease
Purchase:
Customers who decide to purchase the solar power systems want to take advantage of both the utility rebates and the government incentive which can reduce the total cost by up to 60 percent. But also homeowners will have a property value increase of up to 3.8% by owning the solar system vs leasing it. The positive aspect of purchasing has made it the more popular method of decision to go solar.
Lease:
Unlike purchases where the customer gets to receive the utility rebate and the government incentives: In instances of lease, the tax credits, rebates, or incentive belong to the third party owner of the system. But in return the client does not pay any upfront cost or invest any capital. Solar leases are usually for 20 to 25 years, at which point you can renew your lease or purchase the system at the end of the lease.
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